Aug 20, 2015 | Industries, Market, Reviews
The government seems determined to boost mass transportation development. In the State Budget 2016, the government proposes 20% increase for public service obligation (PSO) for railway transportation to Rp1.83 trillion in the form of subsidy of commuter line and...
Aug 19, 2015 | Industries, Market, Reviews
Three groups are now competing in the final race to become operator of the Kalibaru or New Priok Port’s container terminal 2 & 3, including Mitsui, which is already an operator of container terminal 1. RJ Lino, CEO of Pelindo II, the state-owned port...
Aug 18, 2015 | Industries, Market, Reviews
Infrastructure, some foreign investors said, is the only positive story from Indonesia under President Joko “Jokowi” Widodo’. The President has an ambitious plan to realize infrastructure development throughout the country, including through massive capital injection...
Aug 16, 2015 | Industries, Market, Reviews
State-owned construction firm Hutama Karya will get additional Rp3 trillion of capital injection from State Budget 2016, proceeds of which will mostly be used to finance toll road projects in Sumatra Island. The Medan-Binjai turnpike in North Sumatra is now expected...
Aug 15, 2015 | Industries, Market, Politics, Reviews
The government has stepped up its efforts to reduce public housing backlog with aggressive financing for low-income group in the State Budget 2016. Other than Rp6 trillion of funds that should be spent by public works and housing ministry, the government boosts the...
Aug 15, 2015 | Industries, Market, Reviews
The government proposes Rp57 trillion of Government’s Investment Funds in the State Budget 2016, declined slightly from Rp58.8 trillion in the revised budget of 2015. The government proposes significant change in the capital injection (PMN) and revolving fund...
Aug 15, 2015 | Industries, Market, Reviews
The government sets a target to collect Rp155.5 trillion from excise next year, an increase of 6.7% from the target set in the Revised Budget 2015. The growth is attributable to 7% growth target in revenues from tobacco through adjustment of excise tariffs on...
Aug 14, 2015 | Industries, Market, Reviews
Minister of public works and housing Basuki Hadimuljono said Friday (Aug 14) that state-owned companies PT Jasa Marga (JSMR) Tbk and PT Waskita Karya (WSKT) Tbk have acquired toll road concession for Pemalang-Batang turnpike. “For Pemalang-Batang project,...
Aug 14, 2015 | Industries, Market, Reviews
Bakrie Telecom (BTEL) is getting closer to the end of its history. The Company booked net loss of Rp2.37 trillion in the first half of 2014 against Rp315 billion in the same period of 2014. As a result, capital deficiency ballooned to Rp6.29 trillion, while total...
Aug 14, 2015 | Industries, Market, News Group
PT XL Axiata Tbk (EXCL), the second largest telco player in Indonesia, suffered loss of Rp850.88 billion in the first half of 2015, widened 91.2% from loss Rp444.8 billion in the corresponding period of 2014, mainly due to foreign exchange (forex) loss. EXCL reported...
